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1581  Other / Beginners & Help / Re: Did Bitcoin Bring a Smile to Your Face? How Did You Make It Happen? on: August 03, 2023, 10:49:10 AM
I don't get why a person has to quit their job because of Bitcoin, it's not like Bitcoin needs all of your time and effort, all you need to do is just buy and hold it.
~snip~

Read carefully what the OP wrote and you can get an answer from that :

Quote
I've come across numerous articles and blogs that share exciting testimonies of how Bitcoin has transformed lives, inspiring some individuals to even quit their jobs.

If the same question is still bothering you, then I will tell you that the internet is full of stories about how people got rich because they invested in BTC when it was worth a few tens of $ or maybe a few hundred $ - and some who read those stories think that maybe they too could realize their dreams with the help of Bitcoin. In other words, why work 7 or 10 hours a day and not be able to earn enough for a decent life, if there is something that has changed the lives of others for the better.

Of course, stories are one thing, but reality is something completely different. Everyone's life can change overnight if they win the lottery or find a treasure chest. Maybe you should check what is buried under an old tree Wink

https://abcnews.go.com/blogs/headlines/2014/02/california-couple-finds-10m-buried-treasure-in-back-yard
1582  Bitcoin / Bitcoin Discussion / Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 on: August 03, 2023, 10:31:11 AM
I read today that El Salvador has now become the safest country in Latin America, and these are impressive results in such a short time.
~snip~

It's true that things are much better in terms of security than they were a few years ago, but when you lock up over 70 000 people in prisons (which is 2% of the adult population) then you definitely increase the security on the streets. However, what Bukele is doing has its other side, because when you implement repressive measures, the innocent often suffer, and that means that innocent people are also convicted, which again calls into question the state of human rights in that country.

Therefore, I would not agree that El Salvador has become the safest country in Latin America, but if they continue to implement such measures, perhaps they will deserve that title in the future.
1583  Economy / Speculation / Re: Bitcoin - The road to a SIX DIGIT price valuation on: August 03, 2023, 10:17:42 AM
~snip~
How much larger is BlackRock as a company compared to MicroStrategy? When I was doing my research on that, I found out that BlackRock owns 8.1% of MicroStrategy.

There is no doubt that BR is an incomparably larger company that is also globally positioned and, if I remember correctly, has offices in 30 countries and provides services in around 100 countries around the world. But it doesn't make much sense to compare BlackRock and MicroStrategy because they are two completely different business models, and Saylor is still one of the people who has the biggest influence in the company and is also completely crazy about Bitcoin.

I assume that BlackRock does not just go in this direction without having insight into the wishes of its clients, but we cannot know how much of an effect it will actually cause.
1584  Economy / Speculation / Re: Bitcoin - The road to a SIX DIGIT price valuation on: August 02, 2023, 02:35:05 PM
I feel like you do not need trillions, think about it this way, there are so many big companies out there, I mean the ones that can spend at least a billion in bitcoin, some smaller but still hundreds of millions.

If you think that 100+ companies like that all went into bitcoin around the same time, not at the same day, but like within the same month, the price won't be six digits? I mean that's tens of billions of dollars all go into bitcoin in a single month, maybe even close to 100+ billion dollars going into it in a month. I could see it reach to a million price. One of the main reasons would be there wouldn't be that much resistance neither, there are some here where we are, but not any higher levels have that kind of resistance.

So you start from the assumption that all these companies will invest in Bitcoin at some point (perhaps when the spot BTC ETF is approved), and from 2009 until now they have not done so, even though there are no obstacles to it? What are the chances for such a scenario?

Of course, if something like that were to happen (for some reason), then only the sky is the limit - but here we are talking about a radical turn from thinking "We are not interested in Bitcoin" to "Let's invest $500 million or $1 billion in BTC".



~snip~
Therefore I truly believe BlackRock will make the largest investment by an institution/asset manager in Bitcoin's history. How much is Chad Saylor's Bitcoin investment? 0.05% of Total Supply?

The first question is whether BR will get approval for that ETF at all, and the second, if it gets it, will their clients be interested in investing in BTC? What if the interest for that ETF is similar or only slightly higher than that shown by investors for futures BTC ETF?

In my opinion, it is wrong to assume that they will invest the most just because they have the most assets under management.
1585  Bitcoin / Bitcoin Discussion / Re: why bitcoin has 21million supply on: August 02, 2023, 01:38:05 PM
Why was the decision made to cap the total supply of Bitcoin at 21 million BTC specifically? it could be 10million, 100million, why the specific number "21"
~snip~

Maybe he just liked playing Blackjack, and maybe he was 21 at the time he started Bitcoin Wink



~snip~
Means, he must have some plans for future too, maybe he could be online again.

Of course, he will certainly appear after 10+ years to clear up the mystery behind the number 21 Roll Eyes
1586  Bitcoin / Bitcoin Discussion / Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 on: August 02, 2023, 10:41:14 AM
Considering EL Salvador as an idol, three countries in the world have already accepted Bitcoin as tax free. Their GDP has already increased several times compared to other years.



Switzerland's GDP is $800B
Portugal's GDP is $63B
Panama's GDP is $257B

Source: https://twitter.com/satoshimoneybtc/status/1685020567471357952?t=EzEvEzrmhpXnZzwM6CBJ-g&s=19

When copying the data, you must be careful not to mix up the numbers, because at first glance I noticed that Portugal's GDP is not correct, simply too little for a country in the west of the EU.

Furthermore, if we look at the data from previous years, we can see that the Swiss GDP has changed only a little less compared to 2021, while the Portuguese one is quite uniform except for 2020, which was a pandemic year. Panama has some $10 billion more than before the pandemic, but can this be attributed to the fact that trading with BTC is not taxed in those countries?

https://tradingeconomics.com/switzerland/gdp
https://tradingeconomics.com/portugal/gdp
https://tradingeconomics.com/panama/gdp
1587  Bitcoin / Bitcoin Discussion / Re: RFK Jr Says He Purchased Bitcoin For His Kids on: August 02, 2023, 10:25:12 AM
I wonder what happened next - RFK bought BTC for his dogs or a turtle or RFK ordered a pizza and paid for it with BTC? I think that too much dust is being raised about this man who has a chance to become president only if the current president does not live to see the next election or the one who attempted a coup ends up in prison.

1588  Other / Archival / Re: [banned mixer] - Premium Bitcoin Mixer | Launched in 2018 🛡️ on: August 01, 2023, 02:12:59 PM
It was my idea. The concept was that each participant in the campaign will have an individual avatar, by which users will recognize him over time.

Personally, I don't like such avatars too much, but I have nothing against them existing as an option for those who want to use them. In addition, I think that from an advertising perspective, avatars are far less effective than signatures, a direct link is still a direct link.
1589  Economy / Services / Re: Customer Service Opportunity in the Crypto Space! Join our Growing Team! on: August 01, 2023, 02:01:29 PM
As far as I'm concerned, the OP posted this job advertisement very frivolously, because serious people would at least provide the company name, e-mail or LinkedIn, and here we only have a bunch of requirements that the candidate needs to fulfill and Telegram for contact - not at all suspicious, right?
1590  Bitcoin / Bitcoin Discussion / Re: Certified Bitcoin Professional on: August 01, 2023, 01:42:05 PM
Well, it is nice that Andreas Antonopoulos are one of their board of Directors, because he is very knowledgeable about Bitcoin and Crypto currencies. He will not back any bogus organization that will issue doggy certificated, because he has a relative good reputation in the Crypto community.
~snip~

I don't think things like this have much purpose, because it's an exam that takes 20 minutes, it's done online and anyone can cheat (regardless of the short time). Furthermore, it is necessary to answer at least 70% of the questions correctly in order to receive a certificate, which for me is an insufficient percentage in determining that someone has enough knowledge to receive any certificate.

In addition, the price of one certificate is $100 + certification fee of $39.99, and the certificate is only valid for 2 years. We can think that someone is doing this because they want to help others, but in the end it all boils down to the fact that you have to pay $140 to get something that doesn't really have any value when you're looking for a job.
1591  Other / Beginners & Help / Re: Searching for articles or talks of long-term (10+ years) Bitcoin hodlers on: August 01, 2023, 11:04:26 AM
It seems that there are hardly any articles by long-term hodlers, unfortunately.

Maybe because these people want to be anonymous considering that they own significant amounts of BTC - and why do you think that someone would want to be a walking target considering that it has already happened several times that some people have been kidnapped or robbed in their homes because they are too much talked about things that should have been private?
1592  Bitcoin / Bitcoin Discussion / Re: SEC asked Coinbase to halt trading in everything except BITCOIN, CEO says on: August 01, 2023, 10:51:39 AM
I've been telling people for months that Gary Gensler has told numerous times that Bitcoin is the only true decentralized cryptocurrency out there, the guy has been holding courses at MIT about Bitcoin and stated that so many times everyone who would have listened would have got it but no, Gary is evil and that piece of shit shitcoiner CZ is the crypto hero!
~snip~

Unfortunately, most of those who come into contact with cryptocurrencies do not care about anything other than profit, and they do not care what a cryptocurrency is called, who is behind it and whether it has any purpose at all. Therefore, the reactions to this kind of request from the SEC are mostly negative, and people like CZ are becoming even more popular because they actually provide the greatest support to all these nonsensical projects within their platform.



I would never dispute the right of someone to invest their money in whatever they want, but I would ask everyone who does so to sign a statement that they cannot ask for any help from state institutions for any possible loss. If people don't want the state to regulate the wild west when it comes to altcoins, then let them be prepared to bear the consequences of their decisions.
1593  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 01, 2023, 10:18:36 AM
Breaking 🚨 :- China 🇨🇳  to Develop Blockchain Infrastructure in Shanghai by 2025
After cracking down #bitcoin mining and other crypto realated activites, 📈 China 🇨🇳 again wants to become crypto HUB
Specifically, China is set to develop a blockchain infrastructure in Shanghai by the year 2025.
Nevertheless, the official government update stated that the plan is to “strengthen the application of blockchain in the real economy,
The country is executing similar actions in various cities.

This is no news, at least not when it comes to Bitcoin. If China wants to become some kind of crypto hub, it will only be about projects that it can fully control, or it will only be about the fact that it will start to use blockchain technology more. Some still live in delusions that China will return everything to the old way, but Bitcoin will not (officially) have a place in China as long as the communist party rules there.



US Presidential candidate Ron DeSantis: "We are going to let Americans invest in things like #Bitcoin   "

What kind of statement is that? Is anyone preventing the average American from investing in Bitcoin today? Again, DeSantis said something without consulting his wife first, and it really sounds stupid. This picture says more than enough, of course for those who know how to interpret it.

1594  Bitcoin / Bitcoin Technical Support / Re: I thought I would never get hacked... on: July 31, 2023, 02:38:05 PM
I only kept the amount of money I was "comfortable" losing.  It is definetely true that I made multiple mistakes. In fact, I used to have hot wallets before, but I have never done any of these mistakes. And now, I made them all at the same time.

Quote
I thought I would never get hacked...

There is a good saying that I have heard countless times in American movies that says "assumption is the mother of all fuc*ups", and if you think that something can't happen to you (and it happens to a lot of people every day), then you already have a big problem at the start.

Feeling comfortable and at the same time convinced that you are untouchable is a very dangerous combination.
1595  Economy / Scam Accusations / Re: Popular crypto influencer Pauly accused of Millions of Dollars Fraud. on: July 31, 2023, 01:44:42 PM
~snip~
Overall, just stay away from the coins that these influencers are shilling, or maybe just stay away from them completely.

That's really good advice, but the world is full of naive and greedy kids who just want what their idols have, which is a luxurious villa with a pool and of course some great car to brag about. However, only cases when someone grabs a few million come to the public, and in fact the biggest scams are those that do not attract the attention of the public, because a few tens of thousands of $ are no longer even worth mentioning.

That's why such things should really be regulated in such a way that not everyone can make their own token and put it online for sale. In other words, people should be protected from such fraudsters, and those who do this should be severely punished as a message for all others who think of such things.
1596  Economy / Speculation / Re: BITCOIN NEED NEW MONEY AS MUCH AS HALVING TO SEE SUSTAINED HIGH PRICES on: July 31, 2023, 01:19:26 PM
In other words, the halving might be just a small reason - what we really need is fresh capital, which generates volume and demand. The tough question is: How will new money flow into Bitcoin?

Until now, halving has been a very important factor when we talk about price increases, and probably the halving effect will not be absent the next time it happens either. Fresh money will flow into BTC just like every time, and maybe this time investing will be even easier for institutional investors who will have at their disposal a spot BTC ETF, of course we are talking about the US market.


Is the excitement around Bitcoin halving enough fundamental to cause a sustainable surge in price?

I think that the halving is one opportunity for profit that no one wants to miss considering that it happens every 4 years, in fact it is the only sure thing that investors can rely on. And as for money, there is quite enough of it that is not actually invested anywhere and is just waiting for the right moment. Most of those who have profited from BTC in the past will surely be able to recognize that moment again.
1597  Economy / Gambling discussion / Re: *Exploring Unique Advertising Opportunities in the Bitcoin & Traditional Blogs* on: July 31, 2023, 10:40:39 AM
~snip~
Best Regards and I might post two or three very similar posts elsewhere on this forum. This is because I am still not sure what is the best place to attract the right people for this.

Do not do this because it is classic thread spam and if someone reports such a topic, it is very likely that it will be deleted by the moderators. This is a general board for Bitcoin discussion, but definitely not for discussions about anything related to casinos and advertising methods.

I will report this topic and let the mods decide which board is appropriate to post it on.
1598  Bitcoin / Bitcoin Technical Support / Re: I thought I would never get hacked... on: July 30, 2023, 02:19:19 PM
F*CK! I am so stupid... Anyway, what has been done, has been done. I will only use desktop wallets.

If you think that you will be safer that way, it seems that you have not realized how risky it is to store sensitive information, regardless of whether it is a smartphone or a desktop computer. When it comes to a desktop computer, you can also very easily expose your seed if you enter it in another wallet and you have a keylogger on that device.

Devices on which you store private keys should be isolated from all possible risks arising from your daily activities, which means that you need a hardware wallet or an airgapped device. Even then, you should always be on your guard, because being your own bank means you need to be on the lookout for thieves, whether they're online hackers or bad guys in the real world.
1599  Economy / Gambling discussion / Re: [ADVICE]Boy Wins $46k from Sports Bet but Can't Tell Strict Religious Parents... on: July 30, 2023, 11:16:38 AM
20 to 23 years old is enough to decide for himself and take responsibility for all his actions if he gambles and wins that big amount he should take it, tell his parent, and explain that he is old enough to do things on his own as long as he is a responsible guy.
~snip~

That's right, at that age young people already leave home and become independent - and I don't see why that young man wouldn't use that money to further his education or to buy his own property if he lives in a country where he can do that for the money that won. If he gambled without his parents' permission, then he does not need permission to spend that same money as he wants, and later he can tell them where he got the money from if he really needs it.



Someone recently won $46,606 from making a correct prediction on one of the matches in the on-going 2023 FIFA Women World Cup competition from his wager of $10 on a sports betting website.

Getting that much money for such a small stake is really lucky, and when luck smiles at you, you don't turn your back on it. He can always donate part of the money to charity, and his parents would certainly not mind that.
1600  Economy / Scam Accusations / Re: Had 165k ETH stolen last night. on: July 30, 2023, 11:00:41 AM
~snip~
To everyone else: learn from my mistake. If you've got substantial crypto, move it to your hard wallet immediately. Don't let overconfidence or negligence jeopardize your assets. It can happen to anyone, myself being a stark case in point.

For someone who does not understand the basics, even a hardware wallet will not help, because even such wallets are vulnerable when it comes to clipboard malware. It may be a sophisticated attack, but it is very likely that you have a compromised computer with a possible RAT (remote access trojan) installed.

For such a large sum, I would have definitely made a much better effort and checked everything at least ten times, but obviously everyone has their own standards when it comes to such things. The problem is that these standards sometimes come back like a boomerang and hit an inconvenient place, and then we find ourselves in a big problem.
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